Micromem Technologies Inc. Completes Private Placements

TORONTO, NEW YORK, Feb. 1, 2013 /CNW/ - Micromem Technologies Inc. (the 
"Company") (CNSX: MRM, OTCBB: MMTIF) announces the completion of the second 
tranche of an arm's length, non-brokered private placement totalling 799,904 
Units ("Unit") at a subscription price of CDN$0.16125 per Unit for gross 
proceeds of CDN $128,984. Each Unit is comprised of one Common Share ("Common 
Share") and one Common Share Purchase Warrant ("Warrant") that will be subject 
to resale restrictions. Each Warrant may be exercised for one Common Share at 
an exercise price of CDN $0.215 for a period of one year. 
In addition, the Company issued 76,667 Common Shares through a warrant 
exercise for total proceeds of USD $11,500. These Warrants were originally 
issued in connection with financings completed in 2012. The proceeds from the 
offering and the exercise of warrants will be used for general working capital 
About Micromem and MASTInc
MASTInc is a wholly owned U.S.-based subsidiary of Micromem Technologies Inc., 
a publicly traded (OTC BB: MMTIF, CNSX: MRM) company. MASTInc responsibly 
analyzes the specific industry sectors to create intelligent game-changing 
applications that address unmet market needs. By leveraging its expertise and 
experience with sophisticated magnetic sensor applications, MASTInc 
successfully powers the development and implementation of innovative solutions 
for healthcare/biomedical, natural resource exploration, government, 
information technology, manufacturing, and other industries. Visit 
Safe Harbor Statement
This press release contains forward-looking statements. Such forward-looking 
statements are subject to a number of risks, assumptions and uncertainties 
that could cause the Company's actual results to differ materially from those 
projected in such forward-looking statements. In particular, factors that 
could cause actual results to differ materially from those in forward looking 
statements include: our inability to obtain additional financing on acceptable 
terms; risk that our products and services will not gain widespread market 
acceptance; continued consumer adoption of digital technology; inability to 
compete with others who provide comparable products; the failure of our 
technology; the infringement of our technology with proprietary rights of 
third parties; inability to respond to consumer and technological demands; 
inability to replace significant customers; seasonal nature of our business; 
and other risks detailed in our filings with the Securities and Exchange 
Commission. Forward-looking statements speak only as of the date made and are 
not guarantees of future performance. We undertake no obligation to publicly 
update or revise any forward-looking statements. When used in this document, 
the words "believe," "expect," "anticipate," "estimate," "project," "plan," 
"should," "intend," "may," "will," "would," "potential," and similar 
expressions may be used to identify forward-looking statements. 
The CNSX or any other securities regulatory authority has not reviewed and 
does not accept responsibility for the adequacy or accuracy of this press 
release that has been prepared by management. 
Listing: NASD OTC-Bulletin Board - Symbol: MMTIF
CNSX - Symbol: MRM
Shares issued: 141,791,584
SEC File No: 0-26005 
Investor Contact:info@micromeminc.com; Tel. 416-364-2023 Subscribe to 
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SOURCE: Micromem Technologies Inc. 
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CO: Micromem Technologies Inc.
ST: New York
-0- Feb/01/2013 20:30 GMT
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